I recently viewed my credit report online and found out the State of Texas has reviewed my credit twice in 2007.
Does anyone know why this would be? I can't stop trying to figure out why and it's really bugging me because there's NO address or phone number to call and ask myself.
My children are covered by Medicaid insurance because my husbands job offers no insurance benefits but if it's related to their medicaid, what would my credit have to do with that??
Thanks for any help, I'm so confused!!
Hi R. - I am a mortgage loan officer and we can only run a credit report if we are authorized by the borrower. One thing you might want to do is call a credit restoration company and pose the question to them - see if they can provide you with any answers. I suggets you contact Omega Credit - ask for "Doc" - his phone number is ###-###-####. I hope that helps!
I asked my hubby about this....and he said that even though you are a SAHM...the fact that your kids are in fact on Medicaid it gives the state the right to look into your credit because it is a way for them to verify income...credit is based on your ability to pay...i.e. if they pull your credit and see that you have $100,000 in credit available...more than likely you wouldn't be acceptable for Medicaid.....That's coming from my husband....I had my little man on Medicaid and it was SUCH a blessing because my husband is a bartender and we didn't have insurance as well.....hope this helps!!!!! ();-)
The State of Texas will do what is called a soft inquiry on your credit to gather any new information. Your credit report has updated address and employement information. It will not effect your credit score it is just to gather information. A lot of companies do it.
My husband looked this up:
http://www.privacyrights.org/fs/fs6-crdt.htm
Anyone with a "legitimate business need" can gain access to your credit history, including:
Those considering granting you credit.
Landlords.
Insurance companies.
Employers and potential employers (but only with your consent).
Companies with which you have a credit account for account monitoring purposes.
*****Those considering your application for a government license or benefit if the agency is required to consider your financial status.*****
A state or local child support enforcement agency.
Any government agency (limited usually to your name, address, former addresses, current and former employers).
Generally, only an employer or prospective employer needs your written consent to obtain a report. An exception is Vermont where any user needs your oral or written consent. In practice, most potential creditors ask for your permission to review your report. Your permission is not required when inquiries are made in connection with a pre-approved credit offer.
Hey R., I realized that the State of Texas was checking my credit while we were on Medicaid as well. All I can figure is that they don't want to be handing out free health coverage to people that don't need it. I know with Medicaid, you can't have too many assets or much money at all or else you don't qualify. They are just making sure that you didn't go buy a new car or any other major purchases. Don't worry about it. They are just checking up on you.
